Introduction to ConsulNode
Hello everyone, today let me introduce you to one of **Minter Network's Validators**: **ConsulNode** https://minterscan.net/validator/Mpc9fc1052e075054cdbfb6443a6d14d97be9d4f19a10505c4323b52a78ca4bb18 https://consulnode.com/en/ The very first thing to do, is to create a BIP Wallet for yourself 1. Create your **BIP Wallet** - **https://wallet.bip.to** 2. Get your first BIP - **https://minter.1001btc.com/en/** **For starters, what is a Validator?** You have to think '**Validator**' as we think '**Masternodes**' on other Networks. ***The principle of the Validator is to make the network work, to create new Blocks, and thus to ensure that the Transactions of the Minter Network occur smoothly and almost instantaneously.*** Think that the 'Validator' is above all the soul that allows the network to live. The second function of a validator is to **make your money grow by delegating your BIPs to them**. **Next, what is a Delegator?** **A Delegator is a person like you and me, who will choose** (or have already chosen) **to trust** **ConsulNode****, to 'delegate' our BIPs to them** (there is no minimum to delegate your BIPs or any other **Minter Network Crypto**). https://consulnode.com/en/ https://minterscan.net/coins Then **ConsulNode** **will make this investment work for you**, so that you can earn every minute, hour, day, a **passive income**, in proportion to the BIP invested. https://consulnode.com/en/ I invite you to read my previous articles, on **What is Minter Network**, and have more information about **crypto delegation**. https://www.publish0x.com/crypto-addict/it-has-become-so-easy-create-your-own-coin-xpxdgd https://www.publish0x.com/crypto-addict/delegate-your-bips-and-earn-more-minter-xwrgkx **How to delegate to ConsulNode** You can send the amount of **BIP**, **ConsulCoin**, **ConsulGame** that you want **directly from your** **BIP Wallet** to this address: https://www.coingecko.com/en/coins/bip https://minterscan.net/coin/CONSULCOIN https://minterscan.net/coin/CONSULGAME https://wallet.bip.to/ ***Mpc9fc1052e075054cdbfb6443a6d14d97be9d4f19a10505c4323b52a78ca4bb18*** Or by Scanning this QrCode
Take these **4 examples**: (These numbers are from **ConsulNode****: Loyalty program 7.0** and are subject to change) https://consulnode.com/en/ You can easily see the possible rewards, depending on your investment, via **this link** https://minterscan.net/calc/reward You want to **delegate 1000 BIP to** **ConsulNode**, here's what you get (the validator fees are already deducted from the computation) : ***Per minutes : 0.0024 BIP*** ***Per hour: 0.1451 BIP*** ***Per day: 3.4829 BIP***($0.12) https://consulnode.com/en/ You want to **delegate 50,000 BIP to** **ConsulNode**, here's what you get (the validator fees are already deducted from the computation): ***Per minute : 0.1222 BIP*** ***Per hour: 7,333 BIP*** ($0.26) ***Per day: 176,0012 BIP*** ($6.45) https://consulnode.com/en/ You wish to **delegate 5000 ConsulCoin to** **ConsulNode**, here is what you earn (the validator fees are already deducted from the computation) : ***Per minutes : 0,0513 BIP*** ***Per hour: 3.0797 BIP*** ($0.11) ***Per day: 73.9147 BIP*** ($2.71) https://consulnode.com/en/ You wish to **delegate 25,000 ConsulCoin to** **ConsulNode**, here is what you earn (the validator fees are already deducted from the computation) : ***Per minutes: 0.2592 BIP*** ***Per hour: 15.5560 BIP*** ($0.57) ***Per day: 373,3446 BIP*** ($6.45) https://consulnode.com/en/ **Currently 1000** **BIPs** **are worth $29** **Currently 1000** **ConsulCoin** **are worth (5600 BIP) $163.5** https://www.coingecko.com/en/coins/bip https://minterscan.net/coin/CONSULCOIN **You can also delegate** **ConsulGame** **to** **ConsulNode****: 1000 ConsulGame are worth (21.8 BIP) $0.63** https://minterscan.net/coin/CONSULGAME https://consulnode.com/en/ You can **win ConsulGame by playing Bulls & Cows** on telegram : **https://t.me/ConsulGameBot** You can find the rules of the game on **Wikipedia**. https://en.m.wikipedia.org/wiki/Bulls_and_Cows There are 2 types of games, **Practice Game**, with which you can practice and understand the rules of the game before starting the Prize Game. **Prize Game**, Each game has a cost (in ConsulGame), if the **player guesses the number quickly** (in 4-5 moves on average) **he wins the reward**, otherwise it is necessary to start the game again, For the people who have delegated **BIP**, **ConsulCoin**, **ConsulGame**, or other **crypto from the Minter network** on **ConsulNode**, they will be entitled to one free attempt per day. https://www.coingecko.com/en/coins/bip https://minterscan.net/coin/CONSULCOIN https://minterscan.net/coin/CONSULGAME https://minterscan.net/coins https://consulnode.com/en/ ***Good game to you, and try to collect a maximum of*** ***ConsulGame******, to then Delegate them, to win even more.*** https://minterscan.net/coin/CONSULGAME
**ConsulNode** **in a few numbers:** https://consulnode.com/en/ (These numbers are from ***ConsulNode******: Loyalty program 7.0*** and are subject to change) https://consulnode.com/en/ ***Commission for delegators is:*** ***7% - for any stake*** ***6% - from 1000 BIP*** ***5% - from 10 000 BIP*** ***3% - from 100 000 BIP*** ***from 1000K BIP - individual VIP conditions*** ***Commission for our tokens (******ConsulCoin*** ***/*** ***ConsulGame******) is:*** ***3% - for any stake size!*** ***2% - from 2 000 ConsulCoin / 400K ConsulGame*** ***1% - from 20 000 ConsulCoin / 4KK ConsulGame*** ***More than 60K ConsulCoin / 12KKK ConsulGame*** - VIP CONDITIONS... https://minterscan.net/coin/CONSULCOIN https://minterscan.net/coin/CONSULGAME The **little extra** is that **each day**, **one person** is drawn at random and **receives a reward of 200 BIP** (provided that they have ***delegated at least 1000 BIP or equivalent***). ***Be the next 1000 delegates to trust*** ***ConsulNode******, and join this great adventure in the world of*** ***Minter Network******.*** https://consulnode.com/en/ https://www.minter.network/ Telegram **Consul World Chat** (english) https://t.me/consulworldchat **ConsulNode Wold** News on Telegram https://t.me/consulworld **ConsulNode** on Twitter https://twitter.com/ConsulNode **ConsulGame Bulls & Cows** on telegram : **@ConsulGameBot** https://t.me/ConsulGameBot Join the **@Minter_Coin_Creator** on telegram link to discuss and interact with other **delegators** and **validators**. https://t.me/Minter_Coin_Creator See you soon. Published with the agreement of **ConsulNode** https://consulnode.com/en/ Christophe WILHELM Resources https://consulnode.com/en/ https://www.minter.network/ https://wallet.bip.to https://minterscan.net/ https://minter.1001btc.com/en/ https://minterscan.net/calc/reward
6 comments
I don't understand: - why does people have to trust a node it's digital assets to get a return? - why does the node gives you a rent where is that rent coming from? - isn't the node master able to steal the "delegated" funds? - why would a node master share dividends from running the node instead of keeping the coins for himself?
The whole thing works through the blockchain It's like masternodes, the creation of new calculation blocks generates a new amount of money (like online mining). The fact that the blockchain makes the process safe! ConsulNode can be hacked, but the Blockchain can't be hacked. From the moment you lend a certain amount of Crypto to a Validator, the Validator uses it to create new Blocks, in addition to receiving daily income, you can get back your investment at any time without any worries (you just have to know that this investment then remains "frozen" on your personal account, and cannot be delegated again for 30 days). So if you send 700 BIP to a Node (Validateor), and after earning 200 BIP, you get back what you delegated, you will have 900 BIP on your account (only 200 BIP can be delegated again). It is also important to know that MinterScan, and the Minter Network oversees all of this, only allows Trusted Validators And in case of failure to comply with the rules on the part of the Validator, there are serious consequences for the Validator. It is also in their interest to offer a serious Service, if they want to continue to do their job as validators. A Validator also allows the network to function properly.
How is it that the amount you lend is used to generate new blocks?
It's the only way to create new money...
Yeah, but on BTC or BCH node don't need any deposit to generate new blocks, why is it different here? Just trying to know if this is a good investment or not by understanding how does it works
I have delegate them 100 000 BIP 1 month ago, i earn 300 BIP daily (about 10$) sot 300$ each month, and when i want stop, they refun me 100k BIP